rickackerman.com / By Rick Ackerman / December 3, 2012
[The following was posted to the Rick’s Picks forum recently, but I’m republishing it here because it makes some interesting points that deserve a wider audience. The author goes by the handle ‘Buster,’ and his argument is directed at another forum regular, Gary, who reflexively plays the role of Mr. Sunshine no matter how ugly the news or bearish the facts. RA]
The government is not really trying to get the economy moving, at least not the real one. Government is trying to perpetuate a debt money system for the benefit of the relative few who gain from it long term. Since when has evicting millions of families after handing their creditors billions had a ‘real’ positive economic effect? I mean, what ‘real’ productive benefit have these people added to the economy other than the possible turnover of their homes to yet more sharks? Yes, this economic activity may add some numbers to GDP, but so would nuking NYC and rebuilding it again. Allowing millions of people to die from cancer needlessly is great for the drug business, too, for that matter, and their stock price, no doubt. Not so good for human beings and the real prosperity of society in reality, though.